Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate

Bank of Japan Lowers GDP Forecast, Increases Expected Inflation Rate

MOSCOW, (Sputnik) – The Bank of Japan (BOJ) lowered on Wednesday its forecast on the GDP growth for the current financial year, which ends on March 31, to 1.9% from 2% announced in October, while raising the expected inflation rate to 3% from 2.9%.

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